Bank of Korea on hold amid policy dilemma
Strong won and benign inflation likely to keep the BoK on hold in the first half of 2018
South Korea’s central bank left its key interest rate on hold today, as policymakers grapple with divergent demands from inflation, growth and the exchange rate.
At its money policy board meeting today (January 18), the Bank of Korea kept the benchmark seven-day repurchase rate at 1.5%, as had been broadly expected, after lifting it for the first time in more than six years at its last meeting, in November.
The central bank also upgraded the GDP forecast to 3% in 2018, from 2.9%, citing
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